STA
OpenAI working on new reasoning technology under code name 'Strawberry'
The project, details of which have not been previously reported, comes as the Microsoft-backed startup races to show that the types of models it offers are capable of delivering advanced reasoning capabilities.
Some cooling off may be around the corner, so is the opportunity: 6 auto stocks with an upside potential of up to 28%
When a sector or an industry does well, stock prices also do well. But then a stage comes where while the Industry continues to do well the rate at which the stocks are rising slows. Essentially meaning that stock prices have built in a large amount of good news and they would wait for the next trigger. While there is no doubt and should not be any doubt that auto stock has done well in the last three years as the industry has been doing well. But the reaction of the street to some reports about M&M might be cutting the prices of one SUV model is probably indicating more than just meets the eye. So, should one take some money off the table or should one be slightly cautious when it comes to putting in fresh money? Is this cool down an opportunity for a long term investor ? Probably yes.
Auto stocks: Time for some cool down and also an opportunity? 6 auto stocks with upside potential of upto 28%
It is the sector which has led the rally which the market has witnessed in the last 14 months and rightly so. If one looks at the history, the rallies which are led by the transportation and auto sector are more durable as sales of LCV and certain other auto segments is an indication of the economic situation on the ground. But there is another fact, which is that with a mad rush for stocks a number of them have seen sharp run with valuations moving upward sharply. There is no doubt that the Indian auto sector is going through a transformation and Indian companies are adjusting to it very well. So there is a situation, while the fundamentals are good and improving, valuations have seen a run up. So, there is a likelihood that we might see some cooling off, but that would bring an opportunity for investors who have missed the bus.
Govinda may be interrogated by Odisha police for alleged involvement in Rs 1,000-cr online scam
The company, according to the EOW, was involved in illegally operating a pyramid-structured online ponzi scheme under the garb of crypto investment.
Odisha cops may question Bollywood actor Govinda in Rs 1,000 crore ponzi scam
The Economic Offences Wing of Odisha Police is investigating a Rs 1,000 crore ponzi scam and may question Bollywood actor Govinda's involvement. The scam involves the firm STA (Solar Techno Alliance), which is accused of operating a Ponzi scheme and collecting deposits without authorization. The police have already arrested individuals connected to the scam and issued a look-out circular against a Hungarian national involved. STA has over 2 lakh members across multiple states in India.
Odisha makes tracking devices with panic buttons mandatory for commercial vehicles
All categories of new commercial vehicles, including buses, taxis, goods vehicles and ambulances, will need to have VLT devices with panic buttons from October 1. These devices will have to be installed at the time of registration, officials said.
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US seeks six-month extension to science agreement with China
The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years since, has resulted in cooperation in areas from atmospheric and agricultural science to basic research in physics and chemistry.
BOI issues LoC against Hungarian national for deceiving investors
The Bureau of Immigration (BOI) has issued a look out circular (LoC) against a Hungarian national and head of a crypto-ponzi firm who is allegedly involved in deceiving investors of their money, the EOW said on Saturday. The firm, STA Token is accused of operating a ponzi business and collecting around Rs 1,000 crore deposits from two lakh people across the country without any authorisation from the Reserve Bank of India, it said.
Cryptocurrency Scam: Economic Offences Wing exposes Rs 1,000 crore fraud spanning across India
The Economic Offences Wing of the State Crime Branch has uncovered a nationwide cryptocurrency scam run by STA Token, a company that lured more than 2 lakh people and collected more than ₹1,000 crore under the guise of cryptocurrency investments. The company was alleged to be involved in unlawful multi-level marketing, and money circulation without Reserve Bank of India authorization. Two of the company's officials, Gurtej Singh Sidhu and Nirod Das, were arrested for orchestrating the Ponzi scheme, and the EOW seized their accounts, which had unusual cash deposits exceeding ₹15 crore.
Amid US-China rivalry, a landmark science deal faces new scrutiny
The US-China Science and Technology Agreement signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years since, has been hailed as a stabilising force for the countries' relations.
Eight killed as parcel bombs and gunfire rock Myanmar's biggest jail
The seriously injured were evacuated from the prison, while others were treated at nearby shops. A number of cases scheduled to be heard in the court next door were cancelled, according to media. Insein is the country's most notorious prison and thousands of political prisoners have been sent there since last year's coup. Activist groups condemned the attack, and called for perpetrators to be "held accountable for their actions".
European News Agencies launch joint newsroom
Journalists from the smaller European agencies will share workspaces in Belga's Brussels headquarters and offices near EU headquarters, as well as training opportunities, experience and know-how. The hope is that by working more as a network, the agencies' pooled resources will provide a deeper understanding of European news to readers in their home national markets.
Committee to be set up to consider auto, taxi fare revision in Delhi: Gahlot
"Due to the rising fuel prices, auto/taxi unions have been demanding revision of fares. @ArvindKejriwal govt. understands their concerns. A committee shall soon be constituted by transport Dept for this purpose, which shall furnish its recommendations in a time-bound manner," he said.
Stocks in the news: FMCG stocks, Tech Mahindra, Tata Motors, NTPC and NMDC
The banking stocks will be on the focus on traders after June quarter update. Similarly, FMCG stocks too, may attract investors due to high growth in sales
Tech Mahindra partners with StaTwig to implement ‘VaccineLedger’ globally
The Tech Mahindra-StaTwig partnership aims to roll out blockchain-based traceability solutions for global vaccine delivery, predict and prevent failures in supply chains.
GMR Hyderabad Air Cargo signs pact with StaTwig to monitor vaccine shipments
GHAC, a division of GMR Air Cargo and Aerospace Engineering Limited, through this exclusive partnership will leverage the next-gen blockchain technology to deliver enhanced track-and-trace solution and real-time monitoring of vaccine shipments at the cargo terminal, the company said in a release.
T-Hub announces closure of second batch of startups for Lab32
Lab32, the six-month incubation program assisted the startups with their go-to-market plans by generating revenue opportunities, building scalable business models, and strengthening their sales and pitch strategies.
DRDO notifies nearly 500 posts of senior technical assistant (STA 'B'), Rs 50,000 is salary
DRDO has invited application from eligible candidates to fill over 450 positions of senior technical assistant (STA 'B').
India third Asian nation to get STA-1 status from US
Donald Trump's STA exception for New Delhi is intended to send a strong political message to China and world.
US ease of export controls boost for India's NSG membership bid
The US decision to move India into tier-1 of licence exception for export of sensitive defence and high-end technologies is being seen as a reaffirmation of US support for India’s Nuclear Suppliers Group (NSG) membership bid.
US granting STA-1 status to India is a big rebuff to China
China has been consistently blocking India’s entry into the Nuclear Suppliers Group (NSG).
India gets a high-tech boost as US elevates India to most-important allies list
STA-1 will allow India to import a wide range of high-tech products from US, including sensitive defence technologies
Granting India STA-1 status sign of trust in bilateral relationship: Indian envoy
"This is an acknowledgement of the security as well as the economic relationship between India and the United States.This is a logical step of India being designated as a major defence partner," Sarna said.
US eases export controls for high-tech product sales to India
The granting of STA-1 status to India comes after the US recognised India as a "Major Defence Partner" in 2016.
TVS Motor unveils new variant of StaR City+
The company has retained the 110cc four-speed Ecothrust engine which produces 8.4PS of power at7,000rpm with a torque of 8.7NM at 5,000rpm.
India tops China in tech venture capital deals: Report
Findings of New-York based fund, CB Insights revealed that the Indian tech sector saw 69 deals being finalized in the first quarter against China's 66.
Rapid increase in app-based cabs in Delhi
The number of taxis in 2010 was 57,958, which went up to 69,780 in 2011. It was 70,335 in 2012-13.
Poke Me: Don't throw out radio taxis with the bathwater
The licensed operators of radio taxis have laid the foundations of a non-existent service segment, bring in uniformities of operations and build a customer base.
Chandigarh declares three radio taxi operators as authorised
Only three radio taxi operators are legally authorised to run their operations in the city while rest of them are unauthorised.
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